Sensex gains 101 points, IT stocks gain

A benchmark index of Indian equities markets gained 101 points or 0.49 percent in the 2.15 p.m. trade session Monday.

Good buying was seen in information technology (IT), banking index (bankex) and technology, media and entertainment (TECk) sectors.

While selling pressure was seen in the fast moving consumer goods (FMCG), consumer durables and healthcare sector.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 20,534.61 points, was trading at 20,629.82 points around 2.15 p.m. trade session, up 101.23 points or 0.49 percent from previous day's close at 20,528.59 points.

The Sensex touched a high of 20,645.94 points and a low of 20,497.88 points during the trade so far.

The S&P BSE IT index gained 194.93 points, bank index was up 106.17 points and TECk index was higher by 91.06 points.

However, sustained selling pressure was observed in FMCG index which lost 30.70 points, followed by consumer durables index which was down 26.12 points and healthcare index was lower by 14.80 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also made gains. It was trading at 6,119.80 points, up 23.60 points or 0.39 percent.